IKIO Lighting IPO share allotment expected tomorrow. Here’s how to check the status

The share allotment for IKIO Lighting will take place on June 13, with investors receiving shares on a lottery basis. Shares are expected to be listed on June 16, with expectations for a healthy premium as shares are commanding a GMP of Rs 107. The IPO was oversubscribed 66.29 times, with institutional buyers driving much of the demand. The net proceeds will be used for partial debt repayment, investment in subsidiary IKIO Solutions, and general corporate purposes. IKIO Lighting designs, develops, manufactures, and supplies products to customers who then further distribute products under their brands.